by MAS | Aug 28, 2021 | Accounts, Business advice, Coronavirus, Covid grants, Covid-19, Financial news, HMRC, Self Assessment, Self employed
The fifth (and final) SEISS grant became available to claim in late July. HMRC should have contacted you if you are eligible. Self-employed traders need not have claimed grants previously to qualify but will be required to confirm that their business continues to be...
by MAS | Jul 24, 2021 | Business advice, Coronavirus, Covid furlough schemes, Covid grants, Covid-19, Financial news, HMRC
Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended until 30 September 2021. From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2,187.50 for the hours the employee is on furlough. Employers will top up employees’ wages to...
by MAS | Jul 7, 2021 | Business advice, Coronavirus, Covid grants, Covid-19, Financial news, HMRC, Self Assessment, Self employed
The fifth Self-Employment Income Support Scheme (SEISS) grant is different from the previous SEISS grants. If HMRC think you are eligible they will contact you from mid-July to give you a personal claim date. Eligible customers can apply anytime from their personal...
by MAS | Jun 26, 2021 | Coronavirus, Covid grants, Covid-19, Financial news, HMRC
The Government intends to close the legal loophole to prevent the misuse of the dissolution process. In particular to prevent Directors using this process to avoid paying back Government backed loans given to businesses during the pandemic. The new measures will...
by MAS | Apr 17, 2021 | Covid grants, Covid-19, Financial news, HMRC, Self Assessment, Self employed
Fourth SEISS Grant Some of you who are self employed may not be eligible to claim the fourth SEISS grant, which covers the period of February 2021 to April 2021, and this is why: you are not registered as self-employed with HMRC before coronavirus restrictions, your...
by MAS | Apr 11, 2021 | Covid grants, Covid-19, Financial news, HMRC, Self Assessment, Self employed
Who can claim a SEISS grant? Only those who complete the self-employment or partnership trading pages of a Self-Assessment tax return, with trading profits of less than £50,000 and most of your income from self-employment. Those who earn income from property cannot...
